EMPEROR PROJECT

The project comprises 6 exploration licenses (4 granted, 2 pending) with a combined area of 196km2.

LOCATION AND ACCESS

​The project tenements are located approximately 320 km northwest of Kalgoorlie, Western Australia, and approximately 50km east of the town of Leinster. Access is via the sealed Goldfields Highway from Kalgoorlie to Leinster, then east of Leinster on the Darlot access road. Access within the Project is via exploration tracks.

Location of the Emperor Project

Emperor Package Tenement Plan

Geological Setting

​The tenements lie at the southern end of the Yandal Greenstone Belt which is a north-northwest trending, deformed and metamorphosed, late Archaean volcano sedimentary succession, and flanked to the east, west and south by Archaean granitoids. No formal stratigraphy has yet been recognized, although associations of rock types within the belt differ in detail from those in the belts to the east and west, in having less mafic and ultramafic rock, and more felsic and sedimentary rock. Eastern and western contacts are fault-bounded, and characterised by strong deformation, relatively high-grade metamorphism, and interleaving of granitoid and greenstone.

The southern part of the belt can be broadly divided into three “domains”. The western (Warrida) and eastern (Darlot) domains comprise mixes of mafic (± ultramafic) and felsic-intermediate volcanic and associated epiclastic rocks, and are separated by the 2690±6Ma felsic-intermediate (rhyolite to basaltic andesite) Spring Well volcanic complex (Nelson, 1997b,c). The nature of the contacts between the domains is unclear. At least one terrane boundary is suspected but cannot be located from current geological knowledge.​

Previous Exploration

The Emperor Project primarily consists of immature exploration ground, dominated by prospective Archaean basement. Recordings of systematic mineral exploration at the project effectively begin in the 1980’s with the work completed by Sundowner Minerals. Sundowner completed a stream sediment survey in 1990 largely within the area of E37/882 and followed this up with a first pass RAB drilling program (50 holes, 650m). A hardpan geochemical survey was completed in 1991 on 400m spaced NS lines and 100m EW spacing. An additional RAB program was completed in 1992 (31 holes, 1,080m). Two fences 800m apart with 200m and 400m spacing were completed within E37/882. The drilling and sampling by Sundowner returned a gold anomalism and showed that much of the area is covered by transported sediments up to 45m thick.

Subsequent to the work completed in the early 1990’s by Sundowner and Plutonic, Central Iron Ore Ltd (TSXV: CIO) completed drilling on their tenements which are located directly to the north of E37/882. The Endeavour prospect of CIO is located about 400m to the north of the E37/882 tenement boundary (7). Diamond core and RC drilling in 2012 intersected significant, high grade mineralisation including:

7m @ 27.1g/t from 46m,

4m @ 23.2g/t from 28m, and

4m @ 50.3g/t from 43m​

The British King gold mine is a narrow vein, high grade deposit located to the north of E37/882 that was last mined in 2014. Mineralisation at British King is hosted by felsic lithologies which can also be interpreted as extending south-east into E37/882.

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Targeting the Emperor Structure which extends into E37/882.

Emperor Structure relative to E37/882 and CIO’s Prospects

Proposed Exploration and Budget

Kingwest has provided programs and budgets for the initial two years of exploration. Exploration within the two-year period is planned to include the following:

Detailed geological mapping;

Geophysical analysis;

Surface geochemical surveys;

First pass aircore drilling and, if justified

RC drilling

​Exploration work will focus on testing the potential for mineralised extensions of the Emperor Structure into E37/882. Extensions to the Mt Pickering and Gilmore Dolerites into E37/882 will also be targeted. These targets are regards as high priority, with very good prospectivity.

The proposed exploration budget for the Emperor Project, based on a capital raising of A$5m will total A$220,000 for the first year of exploration and A$240,000 for the second year of exploration.